SEX 22 DE SETEMBRO DE 2017 - 05:04hs.
Accepts suggestions until October 11

BNDES opens public consultation on Brazilian privatization of Lotex

Brazilian National Bank for Economic and Social Development (BNDES) informs in the Federal Official Gazette (DOU) that it will conduct a public consultation on the privatization process of the Exclusive Instant Lottery (Lotex), currently managed by Caixa. Interested parties can send suggestions from this Tuesday, until October 11 through the BNDES website. There will also be a public face-to-face session to discuss the topic on September 26 in Rio de Janeiro

The BNDES announces that it will hold a public consultation on the privatization process of the Exclusive Instant Lottery (Lotex), currently managed by Caixa. According to the notice, interested parties can send suggestions from this Tuesday until October 11 through the BNDES website.

There will also be a public face-to-face session to discuss the theme on September 26 in the city of Rio de Janeiro.

Lotex's concession to the private initiative is expected to take place at auction later this year and is part of the federal government's collection effort, which estimates double taxation on bets after privatization.

This volume of revenue can jump quickly from US$ 1.95 billion to at least US$ 3.85 billion, which may help bolster the National Treasury's cash position in the coming years while public accounts are expected to remain in the red.

The BNDES is responsible for carrying out all the acts necessary for the privatization of Lotex, which concession term will be 25 years. The documents of the public consultation can be accessed on the site of the development bank.

Source: GMB